Sensex, Nifty erase a good chunk of losses; FMCG stocks gain

Benchmark indices were seen trimming a good chunk of its losses, with the Nifty trading above 9800-mark.

The Sensex was down 288.14 points at 31507.32, while the Nifty was down 69.95 points at 9834.20. The market breadth was negative as 821 shares advanced against a decline of 1,597 shares, while 113 shares were unchanged.